On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research. What follows is a transcript of the conversation. A recording of the discussion is available at...

El 3 de diciembre de 2024, Michael Hudson se reunió con los investigadores del capital como poder Jonathan Nitzan, Tim Di Muzio y Blair Fix para discutir las intersecciones entre sus dos líneas de investigación. Lo que sigue es una transcripción de la conversación.

We empirically investigate the economic impact of natural disasters on food prices and production. We address the key issues of data aggregation and counterfactual biases. Our data set consists of regional information on prices and production for fourteen food products in Peru. This granularity...

This study applies the Quadratic Almost Ideal Demand System (QUAIDS) to the Asian Development Bank's Multi-Region Input-Output (MRIO) dataset to estimate global demand and supply elasticities across intermediate vs. final, and domestic vs. foreign sectors. Using pooled data from 2021-2023,...

Oil and gas revenues have underpinned the Russian economy for decades. As a result, they are an obvious target for sanctions from countries wishing to punish Russia for the annexation of Crimea in 2014 and the invasion of Ukraine in 2022. However, the impact of hydrocarbons from Russia on the...

This paper presents a detailed analysis of claims that occurred on Brazilian federal highways, in the years 2020 and 2021, registered by the Federal Highway Police (PRF), segmented by brand, year of manufacture and model, to establish a severity criterion from of these characteristics. To...

Floods are among the most frequent and destructive natural hazards worldwide, yet their economic impacts remain poorly understood. This paper examines the effects of two cyclone-induced floods on firms' economic performance in New Zealand. To identify flood damage, we propose a novel method...

This paper introduces the historical dataset with economic time series of socialist Bulgaria, Czechoslovakia (CSSR), the German Democratic Republic (GDR), Hungary, Poland, Romania, the Soviet Union (USSR) and Yugoslavia from 1944 to 1993 as well as a new dataset on Albania created as part of...

Im Rahmen der vorliegenden Untersuchung wurde eine umfassende Befragung aller potenziellen Hersteller von Holzwerkstoffplatten1 in Deutschland durchgeführt. Ziel war es detaillierte Informationen zu Produktionskapazitäten, Produktionsvolumen und Rohstoffnutzung für das Bezugsjahr 2021 zu...

Im Rahmen der vorliegenden Untersuchung wurde eine umfassende Befragung aller potenziellen Hersteller von Holzstoff und Zellstoff in Deutschland durchgeführt. Ziel war es, detaillierte Informationen zu Produktionskapazitäten, Produktionsvolumen und Rohstoffnutzung für das Bezugsjahr 2021 zu...

This article systematically presents Marx's ideas about political economy and historical materialism in the "Introduction" to the Grundrisse . Two questions are posed and addressed. The first one is: what implications does the "Introduction" have for the contemporary Marxist discussions on...

This paper presents a detailed analysis of claims that occurred on Brazilian federal highways, in the years 2020 and 2021, registered by the Federal Highway Police (PRF), segmented by brand, year of manufacture and model, to establish a severity criterion from of these characteristics. To...

This paper introduces the historical dataset with economic time series of socialist Bulgaria, Czechoslovakia (CSSR), the German Democratic Republic (GDR), Hungary, Poland, Romania, the Soviet Union (USSR) and Yugoslavia from 1944 to 1993 as well as a new dataset on Albania created as part of...

In this study, we investigate the contribution of trade openness to the structural change process in ECOWAS countries. Our findings suggest that the production structural change process is significantly and positively affected by the extent of trade openness. Higher openness levels are...

Oil and gas revenues have underpinned the Russian economy for decades. As a result, they are an obvious target for sanctions from countries wishing to punish Russia for the annexation of Crimea in 2014 and the invasion of Ukraine in 2022. However, the impact of hydrocarbons from Russia on the...

The program to replace fossil fuels powered vehicles with electric vehicles (EVs) is part of the global endeavor to reduce greenhouse gas emissions. In Indonesia, EV adoption is still low. The EV market share is currently 1.47 percent of the 10 percent goal for 2022. Due to the vulnerability of...

The green energy transition and its boost to the deployment of renewable energy can offer a unique opportunity for rural areas to benefit from their natural resources. The present study aims to provide a quantitative assessment of the technical potential of renewable energy sources in the EU's...

Floods are among the most frequent and destructive natural hazards worldwide, yet their economic impacts remain poorly understood. This paper examines the effects of two cyclone-induced floods on firms’ economic performance in New Zealand. To identify flood damage, we propose a novel method...

Im Rahmen der vorliegenden Untersuchung wurde eine umfassende Befragung aller potenziellen Hersteller von Holzwerkstoffplatten1 in Deutschland durchgeführt. Ziel war es detaillierte Informationen zu Produktionskapazitäten, Produktionsvolumen und Rohstoffnutzung für das Bezugsjahr 2021 zu...

With the Green Deal roadmap, the European Union aims to half the uses and risks of pesticides by the end of this decade. The European Commission (EC) claims that the proposal for pesticides will not disrupt European agri-food production and price. The EC argues that previous assessments of the...

Textile and garments production involves a wide range of steps, beginning with the spinning of fibers into yarn, then manufacturing to fabric and finally, adding value-enhancing treatments like washing, dyeing and finishing to the outfits. Frequently, these manufacturing processes contravene the...

Im Rahmen der vorliegenden Untersuchung wurde eine umfassende Befragung aller potenziellen Hersteller von Holzstoff und Zellstoff in Deutschland durchgeführt. Ziel war es, detaillierte Informationen zu Produktionskapazitäten, Produktionsvolumen und Rohstoffnutzung für das Bezugsjahr 2021 zu...

Der Einsatz von Daten mit unterschiedlicher Struktur zur Fehleranalyse in der Produktion ist eine große Herausforderung für Industrieunternehmen. Dieser Artikel zeigt einen prototypischen Lösungsweg auf, wie die Integration von unterschiedlich strukturierten Daten zur Fehleranalyse gelingen...

This paper examines the production and hedging decisions of the competitive firm under price uncertainty when the firm is not only risk averse but also regret averse. Regret-averse preferences are characterized by a modified utility function that includes disutility from having chosen ex post...

We find that high macroeconomic uncertainty is associated with greater accumulation of physical capital, despite a reduction in investment and valuations. To reconcile this puzzling evidence, we show that uncertainty predicts lower depreciation and utilization of existing capital, which...

Enclosures enforced private property rights at the onset of industrialization, yet numerous estimations of the enclosures' effects on production and productivity rely on non- experimental designs. We estimate the causal effects of enclosure reforms applying state- of-the-art...

Based on firm level data in the French manufacturing sector, we find that firms adapt quickly, strongly and through multiple channels to energy shocks, even though electricity and gas bills represent a very small share of their total costs. Over the period 1996-2019, faced with an idiosyncratic...